Cloud mining is not a good source of bitcoin earning, the best way is to build your own mining with powerful rigs and hardware to make your mining run smoothly and will exist for long period of time but you need huge amount of capital for that. After that you need to have proper maintenance of the equipment to avoid over heat.
I also think so, when we decide to do mining, then we have to do everything. whether the results we can get the balance with the money we spend to buy great hardware, time wasted to care and not to mention when the site was just a scam. 
Topic: "Bitcoin mining is a Big no!" - page 19. (Read 4024 times)
Have you guys heard about, omnia tech? They offer cloud mining, lifetime. But im not a member of it. I just heard it to them
If you see a service offer life time contracts, then know that it's a scam by default. It is so obvious, that the existing and long running cloud mining services no longer use the term life time contracts anymore. Just think about it, why on earth should a service offer anyone a life time option to keep mining? On top of that, life time isn't really life time. If you read the TOS of most cloud mining services, they will terminate your contracts if they aren't yielding anything for a certain number of days (mostly 100 days or more depending on the service). These services will do everything to terminate your contracts. If it doesn't go naturally due to an increasing difficulty, they will increase the maintenance fees significantly to achieve their goal....
Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?
Good approach though. If you are into mining for a long time and you have a healthy experience on it yes please handle cloud mining. But I do not advice a beginner to pitch into cloud mining. I am mining using hardware. I earn a decent money every month besides the electricity charge. You will have a negative experience if you get into cloud mining I terms of payment.
Ive met some group of financial adviser, they told me that the best way to aquire bitcoin is through cloud mining, they gave me names of trusted cloud mining providers and as of my research, they are well known and trusted.
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?
Then ive met some people, whos already earning big bucks on bitcoin, they dont recommend cloud mining. They told me that its expensive and risky, but as for my understanding its good way of gaining passive income.
What are the possible reason on thier contradiction?
Whos recommendation should i try and why?
Good approach though. If you are into mining for a long time and you have a healthy experience on it yes please handle cloud mining. But I do not advice a beginner to pitch into cloud mining. I am mining using hardware. I earn a decent money every month besides the electricity charge. You will have a negative experience if you get into cloud mining I terms of payment.
I know that cloud mining is a waste of time because of some of the existing cases where after a while we do a mining but the result is nil because most of the sites they recommend will eventually just disappear and this will of course only take up the time we have only. if I can advise you if you really want to do a mining activity, what you do is to buy some tools to start a mining activity. but of course you also must be able to calculate the biyaya must sign out to start the activity so you do not experience a loss.
Have you guys heard about, omnia tech? They offer cloud mining, lifetime. But im not a member of it. I just heard it to them
Cloud mining is not a good source of bitcoin earning, the best way is to build your own mining with powerful rigs and hardware to make your mining run smoothly and will exist for long period of time but you need huge amount of capital for that. After that you need to have proper maintenance of the equipment to avoid over heat.
I'll give also an alternative idea if you can build rigs that will allow you to mine several altcoins, don't use cloud mining as an alternative of it.You can trade with altcoins or join ICO's that has potential, like lunyr. Capital and location is important if you want to start your own mining farm and you need to consider the ventilation, the flow of the air so that your rigs won't be exhausted.
Just remove your eyes from seeking a cloud mining investment.
Cloudmining is not good for you, brcause after few months for sure they will close that. Many cloudming close now even they are trusted they have possibility to close or turn into scam . Better if tou mine at your own, but you need capital because you can buy equipment and pay electricity bill and that's okay because this is safe instead of investing in cloudming your money is not safe to them. But it depends to your location if it's good to mine or not because you need to checke first the electricity bills if they are expensive or not. Many people use solar to prevent high electricity bill you can do that also if you want.
Cloud mining was never been safe. Tho I must have to admit that there are real companies who were doing it. I've experience investing in it(This site is still up right now). Tho I wasn't able to get my capital. I instead sell my share and withdraw it. In the end, you just have to be smarter in spending your capital as an investment.
Everyone's suggestion is not get into cloud mining as we have experience in the same plus we have come across many loosing in it. If you still wish to have a try, go ahead choosing the right and trusted investing less. It you feel you are on the right go, proceed with it or try hardware mining as we all do now. At times our minds would be crazy doing things new though experts do not encourage it. All the best.
Cloudmining is not good for you, brcause after few months for sure they will close that. Many cloudming close now even they are trusted they have possibility to close or turn into scam . Better if tou mine at your own, but you need capital because you can buy equipment and pay electricity bill and that's okay because this is safe instead of investing in cloudming your money is not safe to them. But it depends to your location if it's good to mine or not because you need to checke first the electricity bills if they are expensive or not. Many people use solar to prevent high electricity bill you can do that also if you want.
Cloud mining was never been safe. Tho I must have to admit that there are real companies who were doing it. I've experience investing in it(This site is still up right now). Tho I wasn't able to get my capital. I instead sell my share and withdraw it. In the end, you just have to be smarter in spending your capital as an investment.
Cloudmining is not good for you, brcause after few months for sure they will close that. Many cloudming close now even they are trusted they have possibility to close or turn into scam . Better if tou mine at your own, but you need capital because you can buy equipment and pay electricity bill and that's okay because this is safe instead of investing in cloudming your money is not safe to them. But it depends to your location if it's good to mine or not because you need to checke first the electricity bills if they are expensive or not. Many people use solar to prevent high electricity bill you can do that also if you want.
Cloud mining is not a good source of bitcoin earning, the best way is to build your own mining with powerful rigs and hardware to make your mining run smoothly and will exist for long period of time but you need huge amount of capital for that. After that you need to have proper maintenance of the equipment to avoid over heat.
On the issue of Bitcoin mining, over time the difficulty of Bitcoin digging has increased, as Bitcoin has a limit of 21 million coins. Offline mining, in my opinion, is safer than cloud mining, because it will be stored directly in the cold wallet instead of online storage as cloud mining. In terms of cost, cloud mining may be cheaper, but not as secure as offline mining.ß
In fact, the limit of 21 million bitcoins, does not kill miners. Because when all Bitcoins are created, the miners will not get 12 Bitcoins (for now) they get from the blocks. But they will continue their business with fees from Bitcoin transfers. In this case, transfer fees will increase.It is indeed not killing miners neither nor will kill miners. We all know that mining is the core of bitcoin transactions and the transactions is the reason why bitcoin lives. Tho the current situation for bitcoin fees is just terrible
Well its not bad to mine if you can profit from it. What might consider is the place you will plant your mining rigs, if you will build a mining plant from a country that is hot and electricity bills is high that have many miscellaneous fee you might not earn enough or might mine nothing but for the bills.
On the issue of Bitcoin mining, over time the difficulty of Bitcoin digging has increased, as Bitcoin has a limit of 21 million coins. Offline mining, in my opinion, is safer than cloud mining, because it will be stored directly in the cold wallet instead of online storage as cloud mining. In terms of cost, cloud mining may be cheaper, but not as secure as offline mining.ß
In fact, the limit of 21 million bitcoins, does not kill miners. Because when all Bitcoins are created, the miners will not get 12 Bitcoins (for now) they get from the blocks. But they will continue their business with fees from Bitcoin transfers. In this case, transfer fees will increase.It is indeed not killing miners neither nor will kill miners. We all know that mining is the core of bitcoin transactions and the transactions is the reason why bitcoin lives. Tho the current situation for bitcoin fees is just terrible
On the issue of Bitcoin mining, over time the difficulty of Bitcoin digging has increased, as Bitcoin has a limit of 21 million coins. Offline mining, in my opinion, is safer than cloud mining, because it will be stored directly in the cold wallet instead of online storage as cloud mining. In terms of cost, cloud mining may be cheaper, but not as secure as offline mining.ß
In fact, the limit of 21 million bitcoins, does not kill miners. Because when all Bitcoins are created, the miners will not get 12 Bitcoins (for now) they get from the blocks. But they will continue their business with fees from Bitcoin transfers. In this case, transfer fees will increase.I know a little about cloud mining.
I think so far cloud mining is still very profitable although it is not recommended for beginners.
because there are many costs that need to be issued.
but if it can be well set.
this can produce quite large
You indeed know very little about cloud mining and that raises the question if you're the original owner of above account? As is, cloud mining ceased to be attractive to anyone as soon as they become experienced enough to see through their resemblance with any ponzi scheme out there. At best, those early payments are carrots before donkeys and unknown to many, it is sending back to you, tips of the much you already invested and only few are lucky enough to even recoup their investment before the party is over, because there usually are no mining hardware anywhere.I think so far cloud mining is still very profitable although it is not recommended for beginners.
because there are many costs that need to be issued.
but if it can be well set.
this can produce quite large
Haha, you have noticed something. Well, you have a great point. Cloud mining are just ponzi scheme, a waste of time and money. You don't have control on your investment and you aren't sure about the longevity of site you have joined.
Yup. So try mining alternative. I see my friend mining at home with a rig set earning a decent amount every month. Last month he shifted to nice hash and earning bit more than earlier. He advices not to get caught up with cloud mining. As said above, cloud mining is so attractive but none returns as a profit or income. One get cheated. Your pay at times become zero.
So try mining with PC at home if you are going for less capital investment. All the best.
I like to control the money so, to me anyway, mining is the more comfortable way to go. Profitable? Maybe, maybe not. But I like to sleep good at night 
Trading doesn't necessarily have to be something you are very active with. I for example consider myself to be an occasional trader, where I buy now, wait for the price to move up or down depending on my position at that time, and then comfortably strike. In some cases you can do so in a matter of days, and in some cases it takes a few weeks. If you play it smart, you can benefit from each direction the market heads into, so it's not that you can't sleep well -- that just plays inside your head. Mining requires you to keep an eye on so many crucial variables, that I see more risk in that part of the market than occasional trading what I do. On top of that, doing this occasional trading, or longer term holding of a certain coin, has proven to be more profitable. But then again, opinions may differ....
On the issue of Bitcoin mining, over time the difficulty of Bitcoin digging has increased, as Bitcoin has a limit of 21 million coins. Offline mining, in my opinion, is safer than cloud mining, because it will be stored directly in the cold wallet instead of online storage as cloud mining. In terms of cost, cloud mining may be cheaper, but not as secure as offline mining.ß
I like to control the money so, to me anyway, mining is the more comfortable way to go. Profitable? Maybe, maybe not. But I like to sleep good at night
Trading doesn't necessarily have to be something you are very active with. I for example consider myself to be an occasional trader, where I buy now, wait for the price to move up or down depending on my position at that time, and then comfortably strike. In some cases you can do so in a matter of days, and in some cases it takes a few weeks. If you play it smart, you can benefit from each direction the market heads into, so it's not that you can't sleep well -- that just plays inside your head. Mining requires you to keep an eye on so many crucial variables, that I see more risk in that part of the market than occasional trading what I do. On top of that, doing this occasional trading, or longer term holding of a certain coin, has proven to be more profitable. But then again, opinions may differ....
Would say cloud mining isn't worth the investment as most aren't transparent enough and certainly not profitable enough to make it worth the time. I recommend selecting some good projects that are developing and simply buying into them. As the ROI will be much higher although initially not a lot of movement same as even buying mining equipment unless you can offset the power consumption its not really viable in many locations.
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